Aug 5 (Reuters) - HollyFrontier Corp posted a
better-than-expected profit for the second straight quarter,
showing that the U.S. refiner had put behind it a disruptive
start to the year when it made a failed attempt at an
acquisition and rebuffed a takeover offer.

HollyFrontier was among the bidders for Citgo Petroleum
Corp, Venezuela's U.S. oil refining unit, late last year and the
target of Tesoro Corp in the first quarter. Neither deal
worked out.

"Obviously (the Citgo acquisition) didn't work out and we
needed to make a strategic shift," Chief Executive Mike Jennings
said on a post-earnings call on Wednesday.
Continued...